Published: 2025-10-28T14:36:06.000Z
Chart EUR/JPY Update: Sharp pullback from fresh year high
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Consolidation beneath the 178.23 current year high of 27 October has given way to a sharp pullback to support at 177.00
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 181.00 | historic congestion | S1 | 177.00 | break level | |||
| R3 | 180.00 | ** | historic congestion | S2 | 176.00 | * | break level | |
| R2 | 178.90 | ** | Sep 1990 high | S3 | 175.00 | * | congestion | |
| R1 | 178.23 | 27 Oct YTD high | S4 | 174.00 | ** | congestion |
Asterisk denotes strength of level
14:20 GMT - Consolidation beneath the 178.23 current year high of 27 October has given way to a sharp pullback to support at 177.00, where unwinding oversold intraday studies are prompting fresh consolidation. Positive daily studies have turned mixed, suggesting a minor deterioration in sentiment and room for a break beneath here. However, mixed/positive weekly charts are expected to limit initial scope in renewed consolidation above 176.00. Meanwhile, a close above 178.23 is needed to turn sentiment positive and extend long-term gains towards the 178.90 high of September 1990.